Canadian Mortgage Calculator

Calculate your mortgage payments, CMHC insurance, and total costs. Designed specifically for Canadian homebuyers and real estate investors.

CMHC Insurance Included
Provincial Tax Rates
Current Interest Rates

Mortgage Details

$
$
5%100%

Interest rate guarantee period

Your Mortgage Breakdown

Understanding Canadian Mortgages

CMHC Insurance Explained

Canada Mortgage and Housing Corporation (CMHC) insurance is required when your down payment is less than 20% of the home's purchase price. Premiums are based on Loan-to-Value (LTV) ratios.

  • • Up to 65% LTV: 0.60% premium (35%+ down)
  • • 65.01-75% LTV: 1.70% premium (25-35% down)
  • • 75.01-80% LTV: 2.40% premium (20-25% down)
  • • 80.01-85% LTV: 2.80% premium (15-20% down)
  • • 85.01-90% LTV: 3.10% premium (10-15% down)
  • • 90.01-95% LTV: 4.00% premium (5-10% down)
  • • Homes over $1.5M: CMHC not available, 20% minimum required

Amortization Rules

Canadian mortgage amortization periods have specific limits depending on your down payment and mortgage type.

  • • High-ratio mortgages (<20% down): Max 25 years
  • • Conventional mortgages (≥20% down): Up to 30 years
  • • Longer amortization = Lower monthly payments
  • • Shorter amortization = Less total interest paid

Ready to Optimize Your Real Estate Investments?

Once you own property, Releq.ai helps you unlock hidden equity and discover your next investment opportunities. Join hundreds of Canadian investors already on our waitlist.

Equity Analysis

Discover $50,000+ in hidden equity across your property portfolio

LTV Optimization

Calculate optimal loan-to-value ratios for refinancing opportunities

Investment Tracking

Track opportunities and manage your real estate investment portfolio

Join Our Alpha Program

Get early access to Releq.ai and optimize your real estate investments with advanced analytics and insights.

Disclaimer: This calculator provides estimates for educational purposes only. Actual mortgage terms may vary based on your credit score, income, debt-to-income ratio, and lender requirements. Please consult with a qualified mortgage professional for personalized advice. Interest rates and CMHC insurance premiums are subject to change.